Thursday, August 13, 2020
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Pontegadea Earns €1.8 Billion and Increases its Real Estate Portfolio to More Than €15 Billion

Amancio Ortega's holding company closed 2019 with revenues of €2.3 billion, of which €0.6 billion came from its real estate activity, with buildings located around the world.

The Cuatro Torres complex on Paseo de la Castellana in Madrid. In the foreground, Torre Foster, owned by Amancio Ortega.

The Pontegadea Group, which groups together all of the holding companies owned by Amancio Ortega, including his real estate subsidiaries and business interests, closed 2019 with revenues of 2.3 billion euros, up by 18% compared to the previous year when it billed 1.9 billion euros.

Revenues from Amancio Ortega’s property holding company – which has just undergone a corporate restructuring – include the dividends received by the businessman for his 59.9% stake in the textile group since 2001, when Inditex went public. Specifically, the Pontegadea group – which is made up of Pontegadea Inversiones and Partler 2006 – received 1.6 billion euros in dividends, mainly from the 50.01% stake it held in Pontegadea Inversiones and from the 9.28% stake in Partler. In addition to the 59.29% stake in Inditex, at year-end, the group held financial interests in Telxius (where it controlled 9.99% of the capital) and Enagás (5%), which it acquired in 2019.

Read the full article in Spanish.

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